StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Projects in Production Systems - Essay Example

Cite this document
Summary
This study looks into the projects in production systems that can be categorized as low-tech, medium-tech, high-tech and super high-tech. Low-tech and medium-tech projects can be managed in a definite manner and with a low degree of flexibility. …
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.4% of users find it useful
Projects in Production Systems
Read Text Preview

Extract of sample "Projects in Production Systems"

Introduction The projects in production systems can be categorized as low-tech, medium-tech, high-tech and super high-tech. Low-tech and medium-tech projects can be managed with a definite manner and with a low degree of flexibility. High-tech and super high-tech projects require special attention still they have greater risk and possibility of failure. As per the categorization of the projects, the risk of errors and failures go on increasing as we move from a low-tech to medium-tech, medium-tech to high-tech and from high-tech to super high-tech.

This means that management of super high-tech projects is very much prone to errors and failures. This is mainly because of the new technology involved in such projects There are several mechanisms or tools for planning, organizing and managing different kinds of projects. The projects mainly differ on the technology front and the varying requirements from the customer. The greater degree of innovation in a high technology project increases the complexity.. The production processes in Complex Products & System (CoPS) require innovations and advanced tools for project management.

It is not possible to make perfect innovations because the required parameters of the product go on changing. This kind of situations lead to multiple modifications in the designs and production, creating difficulties in project management. The unawareness about the new technology makes the project management more complicated. The low-tech project requires to manage a predefined set of specifications, known outputs and existing technologies. In contrast to this the CoPS project has no standard ______________________________________________________________________ The terms high-tech/Super high-tech and CoPS are used synonymously.

specifications and outputs are varying due to uncertainty of technology. Decision making and communication play a vital role in CoPS project management. Managers working over the CoPS shall always keep in mind that the project is going to move ahead only with errors and problems. They should be conversant of detecting problems at various stages, make firm decisions and maintain continuous communication at different levels for progressing the project. In totality the CoPS projects have two types of risks.

The one is to not to meet the planned objectives completely and the other one is the unsuccessful termination of the project. Key Factors: Critical factors/dimensions are the one's which decide the level of complexity of the product. The availability of alternative system configuration & quantity involved creates difficulties in the management for the suppliers, integrators & users to come to a common opinion and innovation. The design & development based feedback loops of later stages to earlier stages of project reflect that a minor change in one stage may result into a larger change in other stage.

In CoPS, user changes the requirement as they go on learning more about the product and systems, that's how user is directly associated in the management & initiates to develop innovations. For large CopS the competency of project management is out of the scope of a single company. The degree of complexity in CoPS strongly advocates the coordination among different companies involved in the project. The management in CoPS has to coordinate the variations in objectives, management structures & cultures of the companies working over the project.

The project management shall identify the elements of project to be planned in such a way that it can remain in a change responding stage & some elements can be rigid. Reduction in hierarchy & bureaucracy can improve the project management of CoPS. Uncertainties can be dealt properly & appropriate actions on feedback can certainly improve the project management

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Projects in Production Systems Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Projects in Production Systems Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/technology/1513614-projects-in-production-systems
(Projects in Production Systems Essay Example | Topics and Well Written Essays - 500 Words)
Projects in Production Systems Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/technology/1513614-projects-in-production-systems.
“Projects in Production Systems Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/technology/1513614-projects-in-production-systems.
  • Cited: 0 times

CHECK THESE SAMPLES OF Projects in Production Systems

Chino Material Systems Inc: Capital Budgeting

This paper “Chino Material systems Inc: Capital Budgeting” presents a capital budgeting analysis envisioned to help the sales team of Chino Materials systems Inc convince GP Manufactures to buy a proposed new machine of higher efficiency, production reliability as well as customer cost saving.... As such, it will be of good prudence to invest in the proposed new project presented by Chino Materials systems Inc.... As such, it will be of good prudence to invest in the proposed new project presented by Chino Materials systems Inc....
5 Pages (1250 words) Coursework

Adopting Lean Manufacturing System and Six Sigma Quality System

From the perspective of an operations manager in a large manufacturing firm, present a case to the board of directors for adoption of Lean production systems and 6 Sigma Quality Management System.... The present paper aims to critically evaluate and present a business case for implementing Lean Production and Six Sigma systems into an organization as the most well-known and effective approaches that are designed to improve a company's processes.... hellip; This research paper aims to draw attention to the gains from implementing Lean Manufacturing System and the Six Sigma Quality Management System, to gain an in depths understanding of benefits and limitations of both systems, to discuss and analyze the findings to present as a case to the board of directors....
49 Pages (12250 words) Dissertation

Projects, Processes and Systems

Quality and Management Information processes and systems can support this success.... Therefore, the principle in reality behind the development of new products at the right times as one of R&D projects could reflect on the actual impact of understanding customer needs, ease of manufacture for new products, monitoring of development cost, minimization of time to market, and ensuring that the actual development is due to actual customers' needs, so it is important to integrate R&D, production and marketing (Hill and Jones, 2009, p....
8 Pages (2000 words) Essay

Project Management Using the Lean Systems Project Management Methodology in the Versace Project

The author of this paper presents the project management using lean systems project management methodology.... The lean systems management approach was chosen due to the fact that lean system methodology regards to project management that all tasks need to serve the purpose of the customer as efficiently as possible (Atkinson, 2006).... It is the method of choice in making sure the one-day deadline for actions B/C/D/E is met in the production of the labels (Atkinson, 2006)....
10 Pages (2500 words) Case Study

The Greatest Supply Chain Disasters of All Time

Most of the companies go ahead with the projects, without a thorough assessment of the project's feasibility and compatibility with the current systems.... There are risks associated with new systems, and these are all ignored.... New information Technology systems mean; new operational systems, and new roles and so new skills.... These suppliers are not informed in time, are not informed of the company's expectations, and the challenges that may come with such speedy and change in the production system....
4 Pages (1000 words) Case Study

Strengths and Weaknesses of the Functional Organisation in Cops

Project-based organisations and functional matrices have been developed to manage the design, development and implementation of technologies used in the production of complex products and systems.... ccording to Hobday, Complex Products and systems (CoPS) are engineering-intensive, high value capital goods.... inally, it will outline the relationships between project-based organisations, the functional organisations and the CoPS in terms of their production and quality assessment....
17 Pages (4250 words) Essay

Bombardier Inc. Railway System Project Report

If the business would be realized to have grown, then such projects will be given a go ahead without hesitation.... However if that is not the case, then there will be no further projects after the end of this one.... This project finds its derivation from a UK project proposal where they were attempting to build a high speed rail system....
16 Pages (4000 words) Essay

Balanced Scorecard, Costing System, and Production Costs

Accounting systems act as critical support systems for managerial decision making in different organizations.... Important factors like the time factors, employee performance and employee perception, costs factors, and performance of the organizations can be suitably evaluated through the use of the accounting systems in an organization.... The financial information provided by the accounting systems like profit levels, sales growth, returns and other non-financial information like customer satisfaction levels, the performance of the competitors, customer loyalty and competing products act as a support system for managerial decision making for launching a new product into a market including the selection of an entry market....
6 Pages (1500 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us